The digital currency or token used in VR City is the VR City Token (ticker VRCITY), which runs on the Polygon Network.
The token is a proof of stake utility token with governance rights and staking features, used in the VR City platform to pay for goods and services.
The VRCITY Token uses the Bancor protocol and an IBCO model to govern its emission. The emission of tokens is uniquely determined by market demand. The funds invested in VRCITY token are locked into the token smart contract and cannot be liquidated. This guarantees the stability and fairness of our token and transparency for our community.
The VRC Token has the following features inside the VR City Ecosystem:
Governance and voting rights
Pay for transaction fees
Buy, sell or rent Land plots
Staking and earning interest
Buy and sell virtual goods, products or spaces on the platform